FLORIDA ALLIANCE FOR ASSISTIVE SERVICES & TECHNOLOGY INC (EIN 593352342) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

ERIC REED

Phone

8443532278

Tax Period

2023-10-01 to 2024-09-30

FLORIDA ALLIANCE FOR ASSISTIVE SERVICES & TECHNOLOGY INC, founded in 1994, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $4.1M represent 28 months of operating reserves.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR FLORIDIANS WITH DISABILITIES BY INCREASING ACCESS TO ASSISTIVE TECHNOLOGY THROUGH EMPOWERMENT AND COLLABORATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,677,976

Program Service Revenue $0

Investment Income $110,881

Other Revenue $0

TOTAL REVENUE $1,788,857

Expense Breakdown

Grants Paid $852,983

Salaries & Benefits $498,786

Fundraising Expenses $0

Program Expenses $1,930,089

Other Expenses $613,872

TOTAL EXPENSES $1,965,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,788,857	$2,531,578	-0.3%
Expenses	$1,965,641	$2,068,439	0.0%
Net Income	$-176,784	$463,139	-1.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$103,468

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC REED	EXECUTIVE DI	40.00	Officer	$81,728	$3,405	$85,133
WHITNEY DOYLE	FRMR EXEC DI	40.00	Officer	$16,588	$1,747	$18,335
BETSY BURGOS	CAT 1 MEMBER	2.00	Director	$0	$0	$0
ENRIQUE ESCALLON	CAT 1 MEMBER	2.00	Director	$0	$0	$0
SARAH GOLDMAN	CAT 1 MEMBER	2.00	Director	$0	$0	$0
JANET GOOD	STATE REPRES	2.00	Officer Director	$0	$0	$0
EDDIE HALL	CAT 1 MEMBER	2.00	Director	$0	$0	$0
MARY JARRETT	CAT 1 MEMBER	2.00	Director	$0	$0	$0
LESA KRETSCHMER	CAT 3 MEMBER	2.00	Director	$0	$0	$0
DAN MCGREW	CAT 4 MEMBER	2.00	Director	$0	$0	$0
KAILEY MEDLOCK	CAT 3 MEMBER	2.00	Director	$0	$0	$0
THOMAS MOON	CAT 1 MEMBER	2.00	Director	$0	$0	$0
BRIAN NERLAND	CAT 1 MEMBER	2.00	Director	$0	$0	$0
BRANDON PALERMO	CAT 1 MEMBER	2.00	Director	$0	$0	$0
ANGEL PEREZ	CAT 2 MEMBER	2.00	Director	$0	$0	$0
PAUL TOBIN	CHAIR	2.00	Officer Director	$0	$0	$0
KRISTI WARREN	CAT 4 MEMBER	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,788,857	$1,965,641	$4,240,251	$-176,784
2023	$2,531,578	$2,068,439	$3,904,135	$463,139
2022	$1,521,005	$1,647,626	$3,294,281	$-126,621
2021	$1,476,560	$1,633,918	$3,903,805	$-157,358
2020	$1,966,288	$1,447,544	$3,669,330	$518,744
2019	$1,398,189	$1,585,414	$3,054,266	$-187,225
2018	$1,398,895	$1,602,215	$3,430,094	$-203,320

FLORIDA ALLIANCE FOR ASSISTIVE SERVICES & TECHNOLOGY INC